GDP grew 3.0% in 2018

Published: 06.03.2019 Related countries:  U.S.A. U.S.A.

GDP grew 3.0% in 2018

Czech economy grew 3.0% in 2018. In Q4 2018 alone, GDP growth accelerated 0.9% q/q and 2.8% y/y. This stems from the precised estimation by the Czech Statistical Office. The full-year increase was driven by domestic demand, mainly investment activity. Gross fixed capital formation contributed 1.9 p.p., household consumption 1.0 p.p. and government spending 0.7 p.p. Foreign demand contributed 0.4 p.p. Gross added value increased by 3.1% in 2018. 

Source: www.cianews.cz

Prepared by the team of foreign office Czech Trade Chicago